Danger, Will Robinson!! Danger!
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1597. (Read 2761647 times)
Danger, Will Robinson!! Danger!
I predict the page 1000 will start in 1 Hour!
more like 20 or 30 min
The biggest advantage of PoS over PoW is that the blockchain is secured by the people and not by the entity that has the most hashes. Once you own a certain percentage of Nxt, you always provide that same percentage of security for the network. This is not true with PoW. In PoW, if you have 0.1% of the hash power today, you won't necessarily have 0.1% of the hash power / security tomorrow. An unwanted entity can overpower all the miners and take over the chain. Nxt solves this problem and ensures that the security of the network remains with the people.
+1
The biggest advantage of PoS over PoW is that the blockchain is secured by the people and not by the entity that has the most hashes. Once you own a certain percentage of Nxt, you always provide that same percentage of security for the network. This is not true with PoW. In PoW, if you have 0.1% of the hash power today, you won't necessarily have 0.1% of the hash power / security tomorrow. An unwanted entity can overpower all the miners and take over the chain. Nxt solves this problem and ensures that the security of the network remains with the people.
https://bitcointalksearch.org/topic/m.4543546
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
It isn't. Cfb said so. Many times.
What Cfb said is the other way, p will not be larger than P.
Now someone is argue P is larger than p, in promoting his pool forging.
Exactly as you said - promoting his pool forging
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... 
While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
I don't understand wtf you are talking about? Energy conservation is infact a real issue.
Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT?
Wut? GW is a proved fake. Even pro-global-warming "scientists" already agreed to change its name to "global climate change" since everyone sees that it's total crap. There were always periods of global warming and global cooling and they will always be. It has nothing to do with us. Especially with mining.
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
Global warming is accepted by every reputable scientist in the entire Universe
I predict the page 1000 will start in 1 Hour!
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
I don't understand wtf you are talking about? Energy conservation is infact a real issue.
Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT?
He's just stating that's its not completely carbon free, because nothing is truly carbon free, but it is very energy efficient and conservative.
Exactly, like you said: it's not completley carbon free and nothing is, but is it A HELL of a lot more "carbon free" than the other cryptocurrencies so not showcasing this would be downright clinically dumb.
NXT is also gamer friendly by not using graphics cards, of which there is a global shortage due to Litecoin
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
I don't understand wtf you are talking about? Energy conservation is infact a real issue.
Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT?
He's just stating that's its not completely carbon free, because nothing is truly carbon free, but it is very energy efficient and conservative.
NXT will hit 0.00013btc each by the announcement of a client that supports AM and assets, I dreamt it
The Prophecy Will Be Fulfilled!
Could not find in FAQ/wiki, how fast are NXT transactions? I've purchased some coins from dgex, but seems they are doing it manually, so I've tried to use faucet http://nxtra.org/faucet/
They show that they've sent me few coins:
13893 1620027207958157392 7717718125255724163 3 2014-01-17 02:03:14
But account shows 0 balance, and the blockchain says:
Info: Transaction not found or in process...
So, what's happening? Are NXT transactions slower then even bitcoin ones?
They show that they've sent me few coins:
13893 1620027207958157392 7717718125255724163 3 2014-01-17 02:03:14
But account shows 0 balance, and the blockchain says:
Info: Transaction not found or in process...
So, what's happening? Are NXT transactions slower then even bitcoin ones?
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
I don't understand wtf you are talking about? Energy conservation is infact a real issue.
Global warming is accepted by every reputable scientist in the entire Universe, why should we not use that oppourtunity to highlight yet another benefit of NXT?
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
*edit* i may write a paper about this
Please do!
Best way to fight global "warming" is to stop breathing... so much CO2 production every second... While green plants love it.
Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
While green plants love it.Just let's stay honest. POS is just more effective not carbon free. Enough of this ecomaddness everywhere already.
https://bitcointalksearch.org/topic/m.4543546
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
It isn't. Cfb said so. Many times.
What Cfb said is the other way, p will not be larger than P.
Now someone is argue P is larger than p, in promoting his pool forging.
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
*edit* i may write a paper about this
+1
I think I love you.
In other news..someone pointed me to Adam B Levine's post describing the need for nxt's functionality, you guys should all swarm overthere and inform him that the future is NXT and its already here, I posted a response to his proposal on the second page..
https://bitsharestalk.org/index.php?topic=1854.0
https://bitsharestalk.org/index.php?topic=1854.15 ---response
love this community, one of the best I have ever witnessed 95% awesome
https://bitsharestalk.org/index.php?topic=1854.0
https://bitsharestalk.org/index.php?topic=1854.15 ---response
love this community, one of the best I have ever witnessed 95% awesome
This article is great. Much food for thought.
It fits in with the discussions on voting and fees we've been having the last few days.
Giving it a more thorough read tomorrow.
Thanks for posting this!
https://bitcointalksearch.org/topic/m.4543546
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
Someone is this thread is claiming that: P > p
where P means the probability of forging to put all Nxt into one acount,
p means the probability of forging to split Nxt to 2 accounts.
Could you confirm whether this is correct?
If it's true, it's absolutely unfair. The large holders will have much more forge chances than they should be.
It isn't. Cfb said so. Many times.
plus it costs more money (electric/computer usage) using more than 1 account.
nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.
*edit* i may write a paper about this
*edit* i may write a paper about this
I hope you do! Your last paper was great. Make sure someone posts it on the Nxt forums if you do.
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